Booking Holdings Inc. $BKNG is BloombergSen Inc.'s 6th Largest Position

Key Points

• BloombergSen Inc. has reduced its stake in Booking Holdings Inc. by 1.2%, now owning 17,371 shares which represents approximately 6.2% of its total holdings, making it the firm's 6th largest position.
• Booking reported earnings of $55.40 per share, exceeding analyst expectations, with revenues of $6.80 billion, marking a 16% increase compared to the previous year.
• The company recently announced a quarterly dividend of $9.60 per share, which reflects a 0.7% dividend yield and a payout ratio of 26.71%.

BloombergSen Inc. cut its stake in Booking Holdings Inc. (NASDAQ:BKNG - Free Report) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,371 shares of the business services provider's stock after selling 212 shares during the period. Booking makes up about 6.2% of BloombergSen Inc.'s holdings, making the stock its 6th largest holding. BloombergSen Inc. owned approximately 0.05% of Booking worth $100,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new position in Booking in the first quarter valued at approximately $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at approximately $29,000. Keystone Global Partners LLC acquired a new position in Booking in the first quarter valued at approximately $32,000. O Brien Wealth Partners LLC acquired a new position in Booking in the second quarter valued at approximately $35,000. Finally, First PREMIER Bank lifted its holdings in Booking by 100.0% in the second quarter. First PREMIER Bank now owns 6 shares of the business services provider's stock valued at $35,000 after acquiring an additional 3 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Trading Down 0.9%

Booking stock opened at $5,350.56 on Thursday. Booking Holdings Inc. has a twelve month low of $4,060.98 and a twelve month high of $5,839.41. The stock's fifty day simple moving average is $5,533.75 and its 200-day simple moving average is $5,285.05. The firm has a market capitalization of $173.41 billion, a P/E ratio of 37.21, a P/E/G ratio of 1.56 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 EPS for the quarter, beating the consensus estimate of $50.32 by $5.08. The firm had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.Booking's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Booking Holdings Inc. will post 209.92 earnings per share for the current year.

Booking Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $9.60 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. Booking's dividend payout ratio (DPR) is presently 26.71%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BTIG Research reiterated a "buy" rating and issued a $6,250.00 price objective on shares of Booking in a report on Thursday, September 4th. Cantor Fitzgerald restated a "neutral" rating on shares of Booking in a research note on Wednesday, July 30th. Barclays upped their price target on Booking from $5,700.00 to $6,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Susquehanna upped their price target on Booking from $6,000.00 to $6,500.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Finally, Piper Sandler restated a "neutral" rating and set a $5,750.00 price target (up from $5,077.00) on shares of Booking in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $5,807.89.

Insiders Place Their Bets

In other Booking news, Director Vanessa Ames Wittman sold 15 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $5,476.89, for a total transaction of $5,548,089.57. Following the sale, the chief executive officer owned 24,620 shares of the company's stock, valued at $134,841,031.80. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,195 shares of company stock valued at $23,467,630. 0.16% of the stock is currently owned by insiders.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.